LTC Properties Inc. (NYSE:LTC) will acquire six properties from Juniper Communities, LLC for $94 million in a sale-leaseback transaction set to close before the end of the year. Juniper, a privately held company based in New Jersey, will continue to operate the communities under a lease with an initial 15-year term with two five-year renewal […]
Category: Finance & Development
Ventas Sells $925 Million of Senior Notes Ventas Inc. (NYSE:VTR) subsidiaries Ventas Realty, Limited Partnership and Ventas Capital Corporation recently announced the issuance and sale of $700 million aggregate principal amount of its 2.00% senior notes due 2018 and $225 million principal amount of their 3.25% senior notes due 2022. View the 8-K. Cambridge Closes […]
While the past year has been characterized by robust senior housing financing activity, uncertainty related to the fiscal cliff and tax changes has amped up transactional pace prior to 2013—even though the new year is not expected to be substantially different in terms of financing availability. The fiscal cliff is affecting many areas of the […]
Stabilized financial performance and independent living occupancy have contributed to a brighter ratings outlook for continuing care retirement communities in 2013, but communities will have to make some capital investments in order to maintain that, says a new FitchRatings Outlook Report. Fitch revised its ratings outlook for the nonprofit CCRC sector from “Negative” to “Stable” for […]
The time is ripe for foreign investors to break into the Chinese senior care market and build their brand, but that doesn’t mean they’ll have an easy path to widespread cultural acceptance. A couple different American investors and senior living providers are currently working on some senior care projects in China, including a joint venture […]
Lancaster Pollard Closes $107.4 Million of Loans in November Lancaster Pollard closed 16 senior living transactions for a total loan amount of $107.4 million. The 16 facilities, all located in the Midwest, contained a total of 1,239 skilled nursing beds and 416 assisted living units. All the financings used the FHA Sec. 232/223(f) to refinance […]
A senior housing community in Lake Barrington, Ill. was recently sold by a joint venture between Chicago-based Senior Lifestyle Corp. and Walton Street Capital LLC to Health Care REIT (NYSE:HCN) in a $81.7 million transaction, according to Crain’s Chicago Business. Lake Barrington Woods is a 192-unit property that provides both independent and assisted living. The […]
Construction: Planned Senior Star to Expand Mo. Retirement Community Senior Star is breaking ground on an addition to its Kansas City, Mo.-located Wexford Place to add new living units and expand available services. The project includes the addition of 67 apartment homes as well as adding Alzheimer’s and dementia services with 24 memory care apartments. […]
New York-based American Realty Capital Healthcare Trust recently acquired a 5-property portfolio of senior living communities in Georgia and Florida from Principal Senior Living Group for $85,750,000. The Alpharetta, Ga.-based seller, represented by Senior Capital Advisors, will continue to manage the properties under a 5-year management agreement. The 369-unit, 448-bed portfolio of independent living villas […]
Sabra Health Care REIT, Inc. (NASDAQ:SBRA) recently acquired five senior care properties in Texas and Minnesota in two transactions for a total of $40.2 million. The Texas portfolio consists of three skilled nursing facilities and one assisted living community. The other acquisition was for a skilled nursing facility in Minnesota. Sabra funded the transactions with […]
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